A self-regulating banking sector is simply untenable

The latest infraction by HSBC in Brussels is only the latest example of the bad behaviour society continues to foot the bill for.

PHOTO: BLOOMBERG

TO EVEN suggest to a millennial that bankers were once trustworthy and that the primary purpose of banks revolves around the customers' wealth, not the bankers', is akin to suggesting that politicians genuinely care about people. But the analogy is uneven. The fact is, banks could be trusted 25